Find the best local real estate investor meetups that have no pitches and you will increase your knowledge, camaraderie, and motivation ten-fold.

Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

Whether or not you believe there will be drastic changes, we are already seeing increasing weather events with unusual patterns like the hurricane that whipped through Central (Inland) Florida in 2024.

Like most markets, there is a growing trend in the area due to affordability and increasing more things to do. 

Yeap, exactly same as Zillow's Zestimate increased the price of houses.

Borrower has the 3% loan in place for the duration, and 14% investor can be paid off with increased rent in say 18 months.  

With increased competition, renters are opting for homes that offer better value, updated features, and overall appeal.Final ThoughtsThis market shift is a wake-up call for investors and property owners in Charlotte.

.- long term: there is a shortage of properties in almost all cities and in some cases and that has contributed to an increase of rents and prices in double digits in some cases. i.e Mafra 10% rent increases last year and Setubal +15% price increase.

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years